Argyle Resources Announces Strategic Shift Toward Canadian Asset Development

About this update from Argyle Resources Corp.

Calgary, Alberta--(Newsfile Corp. - May 20, 2026) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") announces that it has elected to discontinue its involvement in the Bovill Silica Project located in Idaho, USA, and the Sundance Bear Lodge Rare Earth Elements Project located in Wyoming, USA, as part of the Company's ongoing review of its exploration portfolio and strategic priorities.The Company has determined that it will redirect its focus and resources toward the advancement and evaluation of its Canadian-based mineral assets, including its silica and precious metals projects located in Québec and exploration at McKay Hill silver-gold property in Yukon, Canada.Jeff Stevens, Chief Executive Officer of the Company, states: "Following an internal review of our asset portfolio and long-term strategic direction, management believes that concentrating our efforts on Canadian exploration and development opportunities represents the most effective path forward for the Company. This decision allows Argyle to streamline operations and focus capital and technical efforts on advancing our domestic projects."The Company does not anticipate any material penalties or ongoing obligations associated with discontinuing the U.S.-based projects.Argyle's management team, in collaboration with the Board of Directors and technical advisors, will continue evaluating exploration and development opportunities across its Canadian asset base. The Company expects to provide additional updates regarding exploration planning and project advancement initiatives in due course.About Argyle Resources Corp.Argyle Resources Corp. is a junior mineral exploration company engaged in the acquisition, exploration, staking and evaluation of natural resource properties in North America. The Company holds a 100% interest in the Pilgrim Islands, Matapédia, Lac Comporté and Saint Gabriel quartzite-silica projects in Québec, Canada, and has entered into an option agreement to acquire a 100% interest in the McKay Hill silver-gold property in Yukon, Canada.For all other inquiries:Jeff StevensChief Executive OfficerArgyle Resources Corp.Email: [email protected]: (825) 724-0033Website: http://www.argyleresourcescorp.comForward-Looking StatementsThis news release contains forward-looking statements and forward-looking information within the meanin...

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